Deere & Company (DE) will raise its quarterly dividend by 7.6 percent to $1.13 quarterly. This follows a double dividend hike by Deere in 2021 (+38.2%).

The increased DE dividend of $1.13 is payable August 8, 2022, to stockholders of record on June 30, 2022. Deere & Co stock yields 1.3% at a stock price of $361. The next ex-dividend date for DE is June 29.

Deere & Company is a manufacturer of agricultural, construction and forestry equipment. Deere operates three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts. The construction and forestry segment manufactures and distributes a range of machines and service parts. The company's financial services segment primarily finances sales and leases by the company dealers of new and used agriculture and turf equipment and construction and forestry equipment. Deere has been paying a dividend to shareholders every year since at least 1971.